Daewon Pharmaceutical Acquires 14.1 Billion KRW Worth of Geukdong Echipham Shares... 83.5% Stake

[Asia Economy Reporter Park Jihwan] Daewon Pharmaceutical announced on the 12th that it will acquire 59,793 shares of Geukdong Echipham, a health functional food manufacturing and sales company, for approximately 14.1 billion KRW.

After acquiring the shares, Daewon Pharmaceutical's stake in Geukdong Echipham will be 83.51%. The scheduled date for the share acquisition is the 26th of this month.

Daewon Pharmaceutical stated that the purpose of this share acquisition is "to expand entry into the health functional food sector and increase corporate value."